Last year Taseko made major improvements to its Gibraltar Mine significantly bringing cash costs down. Unfortunately, this quarter due to soil problems their production was significantly down for copper and molybdenum. Most of those problems are already fixed and for a mine which has 20+ years of mine life should be minimal.

It is important to not forget the big picture. The British Columbia Environmental Approval for the Prosperity Mine should come any day now. Once this gets approved the federal approval should come shortly. This is one of the great gold copper mines in the world which is also not too far away from construction. The market is not even factoring the mine into the market cap. This stock has the great chance of reward being compared to other miners with a similar asset and the risk is limited as Gibraltar is a producing copper and molybdenum mine.

Even on a bad news day TGB was down minimally. The bollinger bands are narrowing and Taseko is still above the 50 day. I believe that a lot of weak holders were shaken out and a move higher is imminent,.